Results From Trading Room
JANUARY RESULTS 17 WINS 6 LOSSES + 82 / +423 PIPS
DECEMBER RESULTS 29 WINS 10 LOSSES +375 /+1,310 PIPS
NOVEMBER RESULTS 36 WINS 24 LOSSES +672 PIPS
OCTOBER RESULTS 45 WINS 23 LOSSES +577 PIPS
SEPTEMBER RESULTS 56 WINS 34 LOSSES +651 PIPS
AUGUST RESULTS 60 WINS 24 LOSSES +779 PIPS
JULY RESULTS 42 WINS 21 LOSSES +483 PIPS
JUNE RESULTS 59 WINS 19 LOSSES +818 PIPS
MAY RESULTS 70 WINS 30 LOSSES +721 PIPS
APRIL RESULTS 27 WINS 10 LOSSES +412 PIPS
MARCH RESULTS: 63 WINS 7 LOSSES +833 PIPS
EURUSD’s fall from the 2011 high of 1.4939 remains active as ONLY a monthly open and higher close above 1.3652 will complete the fall from 1.4939 while the 2011 low of 1.2857 holds. Look for 1.3652-1.3898 zone to limit the upside with further downside extension in the weeks ahead targeting 1.2599 and the 2010 low of 1.1876. However, a sustained move above 1.3898 will turn the outlook to neutral with price consolidation within a 1.2000-1.5000 range into the months ahead. For 2012, look for a monthly open and lower close below 1.1876 to witness dramatic downside risk with the the 2005 low of 1.1642 as the initial target followed by 1.1153, 1.0705, 1.0344 and 0.9982 into the months ahead.
GBPUSD’s reached a high of 1.6745 in 2011, a few pips above my 1.6721 2011 forecast. For 2012, risk is to the downside while 1.6100 limits any upside. Look for a monthly open and lower close below 1.5270 to favor further downside extension targeting 1.4859targeting the 2011 low of 1,39 and 1.4226 into the weeks ahead with a sustained move below 1.4226 while EURUSD is below 1.1876 to target 1.3614 and 1.3263.
Spot Gold- For 2011, spot gold was the only asset class that I had called a buy recommendation. My 2011 forecast was to buy Spot Gold within the 1,294-1,326 zone for a 1,904 upside target. The 2011 low was 1,308 and the 2011 high was 1,920. Now, for early 2012, look for continued downside risk initially to 1,447 while 1,721 limits any upside attempts. A weekly open and lower close below 1,447 will favor further downside extension targeting the 2011 low of 1,308. However, should month prices open below 1,300 and close lower, then risk will be for further decline to 1,154. It is with this level that I would look to establish long term positions, as below 1,154 would see significant unwinding of long term positions. For 2012, look to buy spot gold within the 1,154-1,308 zone for 1,729, 1920, 2101 and 2,213 upside target.
